On June 23rd 2022, SEK successfully issued its inaugural EUR 700m 5-year green bond benchmark, in challenging market conditions. The transaction was priced at MS+5bps. The EUR green bond attracted a diverse and high quality orderbook, with investors mainly from Europe.

“Despite navigating in a very volatile market, the feedback from investors during the marketing period was consistently positive and we could even increase the volume from EUR 500 to 700 million.”

Anna Finnskog, Head of Treasury at SEK

SEK borrows in the international capital market in order to finance Swedish exporters and their customers. The company is state-owned and has a high level of trust and a good reputation among global investors.

“This is our first public bond in euros issued since 2013. It is a strategic move to diversify borrowing and broaden the investor base. It is also the largest green bond that SEK has issued.”

Magnus Montan, CEO of SEK

The Green Bond was issued under SEK’s new Sustainability Bond Framework, which also includes Social Bonds. The framework is aligned with the EU taxonomy and includes an SDG mapping methodology.

“The Sustainability Bond Framework enables us to raise capital from investors to projects with green and social benefits. In this case the proceeds are for example used to finance Dogger Bank, which is the world’s largest offshore wind farm project off the east coast of England, and solar parks in Angola.”

Magnus Montan, CEO of SEK